We are all noticing that people are getting more and more used to the fast pace of the world around. With technologies surrounding all of us, the notions of fast transactions, fast food, fast fashion, and what not became an integral part of our daily lives. While some of those concepts might be destructive, others are necessary. When we talk about transferring valuable assets, those used to sleek user interfaces, Bitcoin, and instant exchanges are not here to wait. Crypto wallets work fast to transfer peer-to-peer, but how do you make cryptocurrency trading or simple exchanges equally rapid? We’re about to answer all the questions on how to swap a variety of crypto assets fast.
There are different types of crypto exchange services – some work as user-to-user decentralized exchanges, some take liquidity providers on board, some user partner services. But how long does it actually take to perform a swap? There are several factors influencing the pace:
All the above-mentioned points are equally important for making fast cryptocurrency exchanges possible. By fulfilling the requirements we will list further, you can save up on swap time and space your nerves on waiting for the incoming crypto.
Despite the fact that crypto transfers work almost instantly, all the blockchains have different times to generate blocks and push the transactions in. Besides the specifications of a taken network, transaction speed can be influenced by:
Here is a list of cryptocurrencies that are known on the market and pride themselves on having the fastest networks. The projects we have chosen definitely do not comprise a full picture, but these coins are on a well-established site and have solid use cases.
Cryptocurrency exchanges use blockchain technology, and they have their specific processing times for the swap orders. Instant, non-custodial platforms take about 10 minutes, depending on the coin you are working with. As the funds go directly to the user’s wallet, there is no need to wait for any additional steps. You can speed up the process by setting up the fee in transaction settings within your wallet – go to the advance tx breakdown and pick Satoshi per byte or GWEI needed to push the deposit in faster. Here at Swapzone, we find the fastest, most efficient ways across a variety of service providers. To create an exchange, all you need to do is:
Transaction times and speed of providing exchange services may differ. If there is a need to speed up the process, you can customize the settings in the wallet and choose the currency that takes faster to confirm. Besides, instead of using custodial exchange platforms, it is advised to turn to custody-free instant swap services. You can check the list of the fastest exchanges by forming the order on Swapzone.